Borrowers in Indiana can increase their buying power with a jumbo loan when looking for a home.
You’re our first priority. We want you to understand how we make money. This post may contain affiliate links. Biglaw Investor may receive a commission at no additional cost to you if you click on the links in this article. This may influence which products we write about and where and how the products appear on a page. However, it does not influence our evaluations. Our opinions are our own. In some circumstances, if you work with us, we are able to provide an incentive to work with our advertising partners that is unavailable if you work with our advertising partners directly. Our partners cannot pay us to guarantee favorable reviews of their products or services. To read more about how we make money, click here.
JD MORTGAGE® connects you with lenders offering low to no down payment mortgages designed specifically for high-income professionals. We find the lenders that allow jumbo loan balances, relaxed debt-to-income ratios and typically do not require private mortgage insurance (PMI).
Offered exclusively through Biglaw Investor, we make it incredibly simple to find the best mortgage for your home financing needs.
I’m an associate at a firm in Houston and used JD Mortgage thanks to your advice! The experience was great—they were super fast and responsive.” —Mary Kate Raffetto Beck Redden LLP
For a JD Mortgage, I had good luck with IBERIABank. [They] made this process very smooth.” —Clint Cowan Lynn Pinker Hurst & Schwegmann
No one quite knows where the term “hoosier” came from, but at this point Indiana is definitely known far and wide as the Hoosier State. This midwestern state is home to beautiful farmland and some exciting cities like Indianapolis and LaPorte, giving those looking for a home in Indiana the best of both worlds.
According to the Indiana Realtors Association, the median purchase price for a home in the state Is just over $220,000. While this is still below conventional loan limits, any Hoosier looking for a larger or more expensive property may need a jumbo loan to finance their purchase.
For the most recent year, the HDMA data places Indiana 24th in the country in terms of mortgage origination activity, with a total of $2.88 billion in jumbo mortgages originated. If you’re looking for a jumbo mortgage in Indiana, you may find yourself in the company of many other Hoosiers.
The jumbo loan limit in Indiana is $726,200 for all counties in the state. Any loan that exceeds $726,200 is a jumbo loan in the state of Indiana. Any loan that is less than $726,200 is a conforming loan in the state of Indiana.
| Indiana County | Indiana Jumbo loan (1-unit) | Indiana Conforming loan limit (1-unit) | Indiana FHA loan limit (1-unit) |
|---|---|---|---|
| Adams | $726,200+ | $726,200 | $420,680 |
| Allen | $726,200+ | $726,200 | $420,680 |
| Bartholomew | $726,200+ | $726,200 | $420,680 |
| Benton | $726,200+ | $726,200 | $420,680 |
| Blackford | $726,200+ | $726,200 | $420,680 |
| Boone | $726,200+ | $726,200 | $420,680 |
| Brown | $726,200+ | $726,200 | $420,680 |
| Carroll | $726,200+ | $726,200 | $420,680 |
| Cass | $726,200+ | $726,200 | $420,680 |
| Clark | $726,200+ | $726,200 | $420,680 |
| Clay | $726,200+ | $726,200 | $420,680 |
| Clinton | $726,200+ | $726,200 | $420,680 |
| Crawford | $726,200+ | $726,200 | $420,680 |
| Daviess | $726,200+ | $726,200 | $420,680 |
| Dearborn | $726,200+ | $726,200 | $420,680 |
| Decatur | $726,200+ | $726,200 | $420,680 |
| De Kalb | $726,200+ | $726,200 | $420,680 |
| Delaware | $726,200+ | $726,200 | $420,680 |
| Dubois | $726,200+ | $726,200 | $420,680 |
| Elkhart | $726,200+ | $726,200 | $420,680 |
| Fayette | $726,200+ | $726,200 | $420,680 |
| Floyd | $726,200+ | $726,200 | $420,680 |
| Fountain | $726,200+ | $726,200 | $420,680 |
| Franklin | $726,200+ | $726,200 | $420,680 |
| Fulton | $726,200+ | $726,200 | $420,680 |
| Gibson | $726,200+ | $726,200 | $420,680 |
| Grant | $726,200+ | $726,200 | $420,680 |
| Greene | $726,200+ | $726,200 | $420,680 |
| Hamilton | $726,200+ | $726,200 | $420,680 |
| Hancock | $726,200+ | $726,200 | $420,680 |
| Harrison | $726,200+ | $726,200 | $420,680 |
| Hendricks | $726,200+ | $726,200 | $420,680 |
| Henry | $726,200+ | $726,200 | $420,680 |
| Howard | $726,200+ | $726,200 | $420,680 |
| Huntington | $726,200+ | $726,200 | $420,680 |
| Jackson | $726,200+ | $726,200 | $420,680 |
| Jasper | $726,200+ | $726,200 | $420,680 |
| Jay | $726,200+ | $726,200 | $420,680 |
| Jefferson | $726,200+ | $726,200 | $420,680 |
| Jennings | $726,200+ | $726,200 | $420,680 |
| Johnson | $726,200+ | $726,200 | $420,680 |
| Knox | $726,200+ | $726,200 | $420,680 |
| Kosciusko | $726,200+ | $726,200 | $420,680 |
| Lagrange | $726,200+ | $726,200 | $420,680 |
| Lake | $726,200+ | $726,200 | $420,680 |
| La Porte | $726,200+ | $726,200 | $420,680 |
| Lawrence | $726,200+ | $726,200 | $420,680 |
| Madison | $726,200+ | $726,200 | $420,680 |
| Marion | $726,200+ | $726,200 | $420,680 |
| Marshall | $726,200+ | $726,200 | $420,680 |
| Martin | $726,200+ | $726,200 | $420,680 |
| Miami | $726,200+ | $726,200 | $420,680 |
| Monroe | $726,200+ | $726,200 | $420,680 |
| Montgomery | $726,200+ | $726,200 | $420,680 |
| Morgan | $726,200+ | $726,200 | $420,680 |
| Newton | $726,200+ | $726,200 | $420,680 |
| Noble | $726,200+ | $726,200 | $420,680 |
| Ohio | $726,200+ | $726,200 | $420,680 |
| Orange | $726,200+ | $726,200 | $420,680 |
| Owen | $726,200+ | $726,200 | $420,680 |
| Parke | $726,200+ | $726,200 | $420,680 |
| Perry | $726,200+ | $726,200 | $420,680 |
| Pike | $726,200+ | $726,200 | $420,680 |
| Porter | $726,200+ | $726,200 | $420,680 |
| Posey | $726,200+ | $726,200 | $420,680 |
| Pulaski | $726,200+ | $726,200 | $420,680 |
| Putnam | $726,200+ | $726,200 | $420,680 |
| Randolph | $726,200+ | $726,200 | $420,680 |
| Ripley | $726,200+ | $726,200 | $420,680 |
| Rush | $726,200+ | $726,200 | $420,680 |
| St. Joseph | $726,200+ | $726,200 | $420,680 |
| Scott | $726,200+ | $726,200 | $420,680 |
| Shelby | $726,200+ | $726,200 | $420,680 |
| Spencer | $726,200+ | $726,200 | $420,680 |
| Starke | $726,200+ | $726,200 | $420,680 |
| Steuben | $726,200+ | $726,200 | $420,680 |
| Sullivan | $726,200+ | $726,200 | $420,680 |
| Switzerland | $726,200+ | $726,200 | $420,680 |
| Tippecanoe | $726,200+ | $726,200 | $420,680 |
| Tipton | $726,200+ | $726,200 | $420,680 |
| Union | $726,200+ | $726,200 | $420,680 |
| Vanderburgh | $726,200+ | $726,200 | $420,680 |
| Vermillion | $726,200+ | $726,200 | $420,680 |
| Vigo | $726,200+ | $726,200 | $420,680 |
| Wabash | $726,200+ | $726,200 | $420,680 |
| Warren | $726,200+ | $726,200 | $420,680 |
| Warrick | $726,200+ | $726,200 | $420,680 |
| Washington | $726,200+ | $726,200 | $420,680 |
| Wayne | $726,200+ | $726,200 | $420,680 |
| Wells | $726,200+ | $726,200 | $420,680 |
| White | $726,200+ | $726,200 | $420,680 |
| Whitley | $726,200+ | $726,200 | $420,680 |
Conforming loan limits are set by the Federal Housing Finance Agency (FHFA), the government agency which oversees Fannie Mae and Freddie Mac, the two mortgage companies that buy most of the home loans made in the U.S. from mortgage lenders and resell them to private investors.
If you’re ready to learn more about the best jumbo mortgage lenders in Indiana, here are the top options we’ve found through our research.
Fifth Third Bank is headquartered in Cincinnati, Ohio and is one of the largest consumer banks in the country. The bank’s unique name came from a 1909 merger between Third National Bank and Fifth National Bank. The bank offers a full suite of financial products, including jumbo mortgages.
We contacted Fifth Third Bank to learn about their jumbo mortgage rates specifically. Here are the important details:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
Keybank has over $170 billion in assets and is the 24th largest bank in the United States. They operate throughout 39 states but can originate mortgages in nearly all 50, making them a popular choice among borrowers throughout the country. One of their key financial products is a jumbo mortgage loan.
We contacted Keybank to learn more about their jumbo loan rates and here are the key terms and highlights:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
Flagstar Bank has a jumbo product in all 50 states, making it a popular choice among many people looking for higher mortgage amounts. If you’re considering a jumbo mortgage, you’ll want to compare Flagstar’s rates as part of your analysis.
We reached out to a loan officer at Flagstar Bank to get details on their jumbo loan terms. Here are the highlights:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
Regions Bank is headquartered in Alabama but operates in 16 states across the country and is on the Fortune 500 list. Founded in 1971, the bank offers a full range of financial products, including jumbo loans.
We contacted Regions Bank to get additional details about the jumbo mortgage. Here are some key terms and highlights:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
Huntington Bank is the 26th largest bank in the United States. Operating primarily out of the Midwest, their mortgage group can service a large part of the country. Huntington has a competitive jumbo loan product with no money down financing options.
We contacted a loan officer at Huntington Bank to gather information about the jumbo mortgage and here’s what we heard back:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
SoFi is a financial institution based in California that specializes in student loan refinance options, PLUS loans and flexible repayment terms. You might not know that they also offer jumbo loan mortgages.
We spoke to a loan officer at SoFi to discuss their jumbo loan mortgage and this is what we learned:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
New homes are getting more expensive everywhere due to multiple factors. In Indiana, anyone looking for a new build or large property may find that the price of their home is above the conforming limit on traditional mortgages. Indiana jumbo loans are an alternative to these conventional financial products. What are the benefits of buying a home in Indiana with this type of loan?
With jumbo loans, you have flexible down payments and can often put down far less than 20 percent. With larger purchases, this of course means you can keep a lot more of your savings intact.
Jumbo loans also allow you to finance a larger property with just one loan. If you went the conventional route, you would need to combine several mortgages, or else put down a pretty hefty down payment.
Do you have a great FICO score? Then an Indiana jumbo loan might be a perfect choice for you. Be aware that jumbo loans have stricter requirements than conventional loans. Qualifying for a jumbo loan can help you buy a home you couldn’t afford with a conventional loan, but it does come with this requirement.
You also should be aware that these loans can involve a good bit of due diligence during underwriting on the part of the lending institution. These loans expose lenders to more risk, so they tend to take their time during approval. If you are fine with a longer approval process and want the ease of financing a large purchase with a single loan, then an Indiana jumbo loan may be a great idea for you.
If you want to find the best jumbo loans in other states, click on your state below.
Joshua Holt is a licensed mortgage loan originator (NMLS #2306824) and founder of Biglaw Investor. His mortgage expertise lies in the areas of professional mortgage loans, particularly for lawyers, doctors and other high-income professionals. Prior to Biglaw Investor, Josh practiced private equity mergers & acquisition law for one of the largest law firms in the country.
One email each week covers personal finance, financial independence, investing and other stuff for lawyers that makes you better.
Biglaw Investor is helping thousands of lawyers manage and eliminate student loans and make great investment decisions. We’re on a mission to help every lawyer achieve financial independence.